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Israel’s coming crypto laws could set example for the rest of the world

“In July 2016, the Israeli Knesset passed into law, the Supervision of Financial Services (Regulated Financial Services) Law 2016” writes Yuval Shalheveth for One of the best-known features of most virtual currencies is the anonymity of the holders.Will this legislation solve the problems associated with virtual currencies?. Under the law, a financial regulator was appointed with extensive authority for regulating non-institutional currency services and credit markets, which until then had been only loosely supervised.The paper, which may result in primary legislation before the end of 2018, takes a truly pioneering approach to the regulation of crypto-related financial services.

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